Greek Election: ND and PASOK might form a coalition18 June, 2012, 11:32. Posted by Zarathustra
Tags: Euro Crisis
Greece’s second election is closed. Based on 99.83% of the votes already counted, New Democracy is firming in the lead, and is expected to be given the mandate to form a government in three days. The official count reported by Greece’s Ministry of Interior suggests that New Democracy (ND) has 29.66% of votes, Syriza has 26.89% of votes, while PASOK has 12.28% of votes.
According to Wall Street Journal, ND and PASOK are likely to form a coalition government.
Earlier, the second exit poll suggests that New Democracy could get 28.6-30% of votes, Syriza could get 27-28.4% of votes, while PASOK could at 11-12.4% of votes. The lead by ND has increased slightly in the second exit poll. Based on the second exit poll, ND could get 127 seats, Syriza could get 72 seats, while PASOK could get 32 seats in the parliament according to Linda Yueh of Bloomberg.
Earlier still, the first exit poll suggested that New Democracy and Syriza is more or less tied. According to the first exit poll, ND would get 27.5-30.5% of votes, while Syriza would get 27-30% of votes. Meanwhile, PASOK would get 10-12% of votes.
Keep in mind that the party which get the most votes in the second round of election would get a bonus of 50 seats in parliament. The minimum vote required for forming a coalition is 37.8% of vote according to Kathimerini. Thus based on latest information, ND and PASOK will have enough votes to form a coalition. ND is projected to get 129 seats, while PASOK is projected to get 33 seats according to the FT, which will give a potential ND-PASOK coalition a majority in Parliament